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March 2018

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Sydney & Melbourne scores among prime retail markets

Written by: Fibre2Fashion.com

International retailers with deep pockets are in the offing to gain
entry into these two Australian cities.

Globalization
of retail is an interesting phenomenon. Until a decade ago it was seldom
thought that retailers from one country would set foot into another. But
currently, retail giants are spreading their wings, contemplating to enter new
markets to cash in on the new opportunities. Sydney and Melbourne maintains
their rank among the top 10 expensive markets for retail space; globally. Retailers
from across the globe are waiting on their wings seeking entry into these two
Australian cities.

Australian
Retail market:

Despite
economic downturn, apparel retail industry continues to grow at a healthy rate.
Retail industry is very advanced, and new merchandise can reach the consumers
faster and at a lower price. Global retailers are seeking entry into the
Australian retail market, with many of them already in the process of rolling
out stores; locally. A Colliers International research states that among the
global retailers chalking plans, 40% of them are from the US including
Abercrombie & Fitch, Banana Republic, and J.Crew. Other retailers from European,
Asian, and Middle East countries are also planning foray into the Australian
market.

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